On September 27, 2023, Coinbase CEO Brian Armstrong made headlines by openly criticizing JPMorgan Chase & Co (NYSE:JPM) UK, accusing them of engaging in “completely inappropriate behavior” towards the cryptocurrency industry. Armstrong expressed his deep concerns regarding the bank’s position and questioned whether it aligned with the objectives outlined by UK officials. In a direct call-out, he sought the opinions of UK Prime Minister Rishi Sunak and Member of Parliament Anthony Griffiths, urging them to weigh in on Chase UK’s actions. Armstrong went on to suggest that the bank’s actions may not be in line with the policy goals set by these government officials. Moreover, he advised cryptocurrency enthusiasts in the UK to reconsider their association with JPMorgan Chase & Co. Adding to the controversy, JPMorgan Chase & Co recently announced its decision to cease cryptocurrency-related transactions for its UK customer base.
COIN<br /> seems to be an invalid ticker
Please provide a valid Ticker
<stock-market-widget type="chart" template="basic" color="#3946CE" assets="COIN
” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”>
COIN Stock Performance on September 27, 2023: Analysis, Price, and Forecast
COIN Stock Performance on September 27, 2023:
– Previous day’s closing price: $70.52
– Opening price on September 27: $72.77
– Low of the day: $69.96
– High of the day: $73.47
– Trading volume: 309,723 shares
– Average volume over the past three months: 12,974,371 shares
– Market capitalization: $16.8 billion
– Earnings growth in the previous year: -182.78%
– Earnings growth in the current year: +78.19%
– Projected earnings growth over the next five years: +5.24%
– Revenue growth in the previous year: -59.25%
– Price-to-earnings (P/E) ratio: NM (not meaningful)
– Price/sales ratio: 2.46
– Price/book ratio: 3.00
– Next reporting date: November 7, 2023
– Forecasted earnings per share (EPS) for the current quarter: -$0.70
– Annual revenue in the previous year: $3.2 billion
– Net loss in the previous year: -$2.6 billion
– Net profit margin: -82.18%
– COIN operates in the finance sector, specifically in the investment banks/brokers industry.
– Corporate headquarters: “–, –”
<stock-market-widget type="accordion" template="extended" color="#3946CE" assets="COIN
” start_expanded=”false” api=”yf”>
COIN Stock Analysis: Positive Sentiment Among Analysts with Median Target Price of $85.00
COIN, the stock of Coinbase Global Inc, has been closely watched by investors and analysts alike. On September 27, 2023, the stock’s performance was analyzed based on the information provided by CNN Money.
According to the data, 22 analysts have offered their 12-month price forecasts for COIN. The median target price is $85.00, with a high estimate of $200.00 and a low estimate of $27.00. This indicates a potential increase of 18.86% from the last recorded price of $71.51.
It is noteworthy that the consensus among 28 polled investment analysts is to hold stock in Coinbase Global Inc. This rating has remained steady since August, indicating a consistent sentiment towards the company’s stock.
Moving on to the financials, the current quarter earnings per share for COIN stand at -$0.70, while the sales figure is reported to be $670.6 million. These numbers provide insights into the company’s financial performance during the current quarter, which will be further analyzed upon the reporting date of November 7.
Based on the information available, it is evident that COIN has garnered significant attention from analysts, with a wide range of price forecasts. The median target price suggests a positive outlook for the stock, indicating a potential increase in value.
Investors should consider the consensus rating of holding the stock, which has remained unchanged since August. This suggests that analysts are not recommending buying or selling at the moment, but rather maintaining the current position.
As the reporting date approaches, it will be crucial to monitor COIN’s financial performance and whether it aligns with the current estimates. This will provide investors with a clearer picture of the company’s overall health and potential for growth.
In conclusion, COIN’s stock performance on September 27, 2023, indicates a positive sentiment among analysts, with a median target price of $85.00. However, the consensus rating suggests holding the stock, emphasizing the need for further analysis. Investors should closely monitor the upcoming financial report on November 7 to make informed decisions about their COIN investments.
<stock-market-widget type="table-history" template="basic2" color="#3946CE" assets="COIN
” fields=”open,high,low,close,date” range=”1mo” interval=”1d” pagination=”true” display_currency_symbol=”true” rows_per_page=”6″ sort_field=”date” sort_direction=”desc” alignment=”left” api=”yf”>
Source: beststocks.com
On September 27, 2023, Coinbase CEO Brian Armstrong made headlines by openly criticizing JPMorgan Chase & Co (NYSE:JPM) UK, accusing them of engaging in “completely inappropriate behavior” towards the cryptocurrency industry. Armstrong expressed his deep concerns regarding the bank’s position and questioned whether it aligned with the objectives outlined by UK officials. In a direct call-out, he sought the opinions of UK Prime Minister Rishi Sunak and Member of Parliament Anthony Griffiths, urging them to weigh in on Chase UK’s actions. Armstrong went on to suggest that the bank’s actions may not be in line with the policy goals set by these government officials. Moreover, he advised cryptocurrency enthusiasts in the UK to reconsider their association with JPMorgan Chase & Co. Adding to the controversy, JPMorgan Chase & Co recently announced its decision to cease cryptocurrency-related transactions for its UK customer base.
COIN<br /> seems to be an invalid ticker
Please provide a valid Ticker
beststocks.com
